"With inflation running below many central banks' targets, we see rising
risks of deflation, which could prove disastrous for the recovery," said
Ms Lagarde, in a speech at the National Press Club in Washington. "If inflation
is the genie, then deflation is the ogre that must be fought decisively."

With central bankers afraid even to mention the word "deflation", Ms Lagarde's
remarks make her the first high-profile policy maker to give warning that
extremely low inflation in rich countries could result in the kind of falling
prices that have dogged Japan's economy for two decades.

Ms Lagarde's comments were echoed by Charles Evans, president of the Chicago
Fed. "The recent news on inflation has not been good," he said in a speech
on Wednesday. "Inflation is too low and is running well below the FOMC's
2 per cent target."

Time to Unbottle the Inflation Genie

Clearly Lagarde wants to unbottle the inflation genie. How do I know the inflation
genie is in a bottle? Well the ECB told us so in December of 2005.

Here is proof the monster was captured:

The above images is from a self-serving
ECB video that attempts to brainwash school kids and teachers about ECB
definition of "price stability".

The wizards' main worry now is "You-Know-Who" and "He-Who-Must-Not-Be-Named".

At a recent conference of economic wizards, Lagarde dares to speak the unspeakable: "Lord
Voldemort is on the loose".

Charlatans or Wizards?

In reality, charlatans like Christine Lagarde and all the alleged central
bank wizards would not know "price stability" if it flew up and bit off their
noses.

Conference Details

Nothing Like It!

This event is not just another "come and hear someone talk" kind of thing.
Attendees and their significant others can expect an educational, fun, and
relaxed time.

Last conference, we arranged wine tours. They were a big hit. We will do so
again. One of the wine estates we visited had a Bocce Ball court. On a couple
of miracle shots, I won both games I played.

Stay an extra day and golf or travel. I did. The conference hotel is a fun
place in and of itself.

Unlike many other conferences, you will have easy access to speakers.

Want to chat with me, Steen, John, or anyone else at the conference? You will
have an easy chance.

Not only do we have an excellent lineup of speakers, you will have an opportunity
to meet with them, have intimate discussions on important investment topics,
with a lot of fun on the side, including wine tours and great wine.

There's nothing like it in the investment business. And your money goes to
a great cause! What can be better?